Global legal business DWF has announced major changes to its internal structure.
From May 1, the Manchester-headquartered group will be reorganised into three divisions: commercial services, insurance services and legal operations.
In a statement issued to the London Stock Exchange, the firm said the changes are a "natural evolution to those made at the start of FY22, and will allow DWF to go further in how it delivers its integrated offering to clients".
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Group CEO Sir Nigel Knowles said: "This is the next step in our strategy, integrating colleagues in such a way that our internal operations align with the services we provide and the clients and markets we serve.
"Many of our largest global clients are insurers and our integrated legal management approach is of particular relevance to them.
"By bringing legal and business services colleagues together into our two largest divisions, we will deliver a truly integrated offering to clients, drive greater internal collaboration and support profitable revenue growth.
"As we look to drive collaboration, scale our offerings and grow our business globally, we will, consistent with our stated strategy, also continue to look for opportunities to grow through M&A, adding further capability in each division with a particular focus on core jurisdictions."
DWF said it will provide a further update on the implementation of the revised structure and its implications when it publishes its results for the 12 months to April 30, 2023.
Matthew Doughty has been appointed CEO of insurance services and will continue in his role as chief growth and strategy officer.
Commercial services will be led by the group's existing legal advisory CEO, Paul Rimmer. Legal operations will be led by existing Mindcrest CEO, Rob Marks.
DWF has UK offices in Belfast, Birmingham, Bristol, Edinburgh, Glasgow, Leeds, Liverpool, London and Newcastle.
It also has offices in Australia, Canada, France, Germany, Hong Kong, Ireland, India, Italy, Saudi Arabia, Poland, Portugal, Qatar, Singapore, South Africa, Spain, Turkey, the UAE and USA.
In the 12 months to April 30, 2022, DWF's revenue totalled £416.1m while it made a pre-tax profit of £22.3m.
In the six months to October 31, 2022, the group's revenue was £212.1m and its pre-tax profit was £12.9m.
READ MORE:
Cheshire biotech start-up raises $65m in New York float in further snub to London Stock Exchange
Plans in to regenerate Fiddler’s Ferry Power Station and support over 2,100 jobs with £90m project
Small businesses urged to act after almost half targeted by cyber criminals
North West misses out as headquarters of Great British Railways named
Acquisitive £100m professional services group Xeinadin takes flagship office space
